Working capital for the companies moving money onto digital rails.
Contribution Private provides revolving credit facilities to payment fintechs that run on stablecoins and blockchain settlement — underwritten with institutional credit discipline and monitored on-chain.
Payment volume is growing faster than the balance sheets behind it.
Cross-border fiat is migrating
A new generation of payment companies settles cross-border flows over stablecoins and crypto rails. The opportunity is the fiat volume moving across, not stablecoin volume alone.
Traditional lenders stay out
Collateral, cash flows and controls sit on-chain, outside conventional credit frameworks. Few lenders are equipped to underwrite them.
They struggle to grow
Payment volume needs working capital behind it. Without a credit facility, growth is capped by how much equity a company can tie up.
Revolving facilities, one borrower at a time.
We provide working-capital facilities to digital-asset-enabled payment fintechs. Each facility sits in its own vehicle, so investors see exactly which borrower they are financing.
Evergreen revolving credit
Working capital that turns with the borrower's payment volume.
Deal-by-deal vehicles
A dedicated series per borrower rather than a blind pool.
Delaware structure
A Delaware limited partnership in master-series form, with segregated series.
Proprietary sourcing
Borrowers come through the partners' venture and credit-infrastructure networks in the sector.
Rating-agency rigor, applied to on-chain businesses.
Every borrower is assessed along its full payment value chain and across four risk pillars before a facility is approved, then monitored continuously.
Management
Track record, integrity and governance of the team running the business.
Business
Model, counterparties and position in the payment value chain.
Operating & system
Smart-contract and protocol risk, signer rights, stablecoin redemption and freeze risk.
Financial & liquidity
Seniority, first-loss coverage, recourse and loan-to-value buffer.
Bankruptcy-remote vehicles, step-in rights and multisig control over admin keys — with forward-looking credit indicators tracked on-chain.
Investors see what we see.
Personalised NAV statement
Fund and per-investor NAV, returns, contributions and distributions.
Borrower business report
How each borrower is performing and how its facility is being used.
On-chain dashboard
Live view of facility positions through the investor portal.
K-1 tax reporting
Schedule K-1 delivered to each investor for US tax filing.
Venture, credit-risk infrastructure and ratings, under one roof.
George Abrams
Founding partner of Contribution Capital, an early-stage fund in fintech and web3. Around 15 years across investment banking, credit and venture, including Fort Ross Ventures and VTB Capital.
Darshan Vaidya
Founded Credora, the credit-risk infrastructure behind institutional crypto lending. Now at Kiln.
Mahendra Patil
Former Assistant General Manager at CARE Ratings and founder of MP Financial Advisory. Leads underwriting methodology.
Roman Evdokimov
Venture Partner at Contribution Capital; angel investor and advisor. Web3 partnerships and investor relations, after a decade in marketing and communications at Bayer and Servier. Bocconi University.
Fund materials are shared privately.
Terms, borrower detail and performance are available to verified accredited investors only. Tell us who you are and a partner will be in touch.